Mondelēz International and Lotus Bakeries joined forces to expand the Lotus Biscoff® cookie brand in India, and to develop new chocolate products combining Biscoff® with Mondelēz’s Cadbury, Milka and other types of chocolate.
Lotus Bakeries’ revenue grew by 17% in 2022, a record growth of EUR 127.2 million to a total of EUR 877.5 million in revenues. In the first half of the year, the group recorded a 14.1% revenue growth and almost 20% in the second half.
FF2032, the corporate venture fund behind Lotus Bakeries, announced an investment in IQBAR, a Boston-based food business focusing on better-for-you products founded in 2017. IQBAR’s primary product line is a range of plant-based nutrition bars that support brain function.
Lotus Bakeries and Patisserie Valerie (UK) are collaborating on a new product that will be available in all their stores: the ultimate Lotus Biscoff Slice.
Lotus Bakeries announced it bought Peter’s Yard company, a British artisanal sourdough producer known for its crackers and crisps.
The Lotus Bakeries Group’s turnover increased by 13.1% to EUR 750.3m in 2021, the company’s annual results show. All three ranges contributed to the EUR 87m increase: Lotus Biscoff®, Lotus Natural Foods™ and Lotus Local Heroes.
